Core Viewpoint - Financial Street (000402) announced that Harmony Health, a shareholder holding over 15% of the company, reduced its stake by selling 7.5613 million shares through centralized bidding on November 26, 2025, decreasing its ownership from 15.017490% to 14.764514% [1] Summary by Category - **Shareholder Activity** - Harmony Health reduced its shareholding by 7.5613 million shares, which represents 0.252977% of the total share capital [1] - The ownership percentage of Harmony Health decreased from 15.017490% to 14.764514% following the transaction [1]

Core Points - The major shareholder, Harmony Health Insurance Co., Ltd., reduced its stake in Financial Street by selling 7.5613 million shares on November 26, 2025, which accounts for 0.252977% of the total share capital [1] - Following the sale, Harmony Health's holdings decreased from 449 million shares to 441 million shares, reducing its ownership percentage from 15.017490% to 14.764514% [1] - This transaction triggered the disclosure requirements as it crossed the 1% and 5% thresholds [1]

北京观韬律师事务所 关于金融街控股股份有限公司 2025 年第二次临时股东会法律意见书 观意字 2025BJ002999 号 致：金融街控股股份有限公司 北京观韬律师事务所（以下简称"本所"）受金融街控股股份有限公司（以 下简称"公司"）之委托，指派律师出席公司 2025 年第二次临时股东会（以下简 称"本次股东会"），并依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》 （以下简称"《规则》"）等相关法律、法规和规范性文件以及公司现行有效《公 司章程》的有关规定，出具本法律意见书。 本法律意见书仅供公司为本次股东会之目的而使用，不得用作任何其他目的。 本所律师同意将本法律意见书作为公司本次股东会公告材料，随其他需公告 的信息一起向公众披露。本所及经办律师依据《证券法》《律师事务所从事证券 法律业务管理办法》和《律师事务所证券法律业务执业规则》等规定及本法律意 见书出具日以前已经发生或者存在的事实，遵循了勤勉尽责和诚实信用原则进行 核查验证。本所律师保证本法律意见书中不存在虚假记载、严重误导性陈述及重 大遗漏，否则愿意承担相应的 ...

证券代码：000402 证券简称：金融街 公告编号：2025-113 金融街控股股份有限公司 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容是真实、准确、完整的，没有虚假记载、 误导性陈述或者重大遗漏。 一、重要提示 1、本次股东会未出现否决提案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 二、会议召开情况 （一）召开时间： 2025 年第二次临时股东会现场会议于 2025 年 11 月 27 日 14:50 召开。 （二）召开地点： 北京市西城区金城坊街 7 号。 （三）表决方式： 现场投票与网络表决相结合。本次股东会通过深圳证券交易所交易系统和互联网投票 系统提供网络形式的投票平台。 （四）召 集 人：金融街控股股份有限公司第十届董事会。 （五）主 持 人：董事长杨扬先生。 （六）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 11 月 27 日 9:15～9:25、9:30～11:30、13:00～15:00；通过深圳证券交易所互联网投票系统 投票的开始时间（2025 年 11 月 27 日 9:15）至投票结束时间（2025 年 ...

Core Points - Financial Street Securities (01476) announced the appointment of Mr. Yin Guohong as the executive director of the fifth board of directors, Mr. Xie Xin as a non-executive director, and Mr. Qi Liang as an independent non-executive director, with their terms starting from the date of the extraordinary general meeting until the end of the fifth board's term [1] - Mr. Li Ye resigned as a non-executive director and member of the Strategic and Investment Decision Committee, and Ms. Yang Qin also resigned as a non-executive director, effective from the date of the extraordinary general meeting [1] - The company will hold a staff representative meeting on November 25, 2025, to appoint Mr. Zhou Lijun as a non-executive director representing staff, with his term starting from that date until the end of the fifth board's term [1] - During the thirty-fourth extraordinary board meeting, the board approved the appointment of Ms. Yu Lei as the vice president and chief financial officer, with her term starting from the date of approval until the end of the fifth board's term [1] - Mr. Yin Guohong will no longer act as the chief financial officer from the date of the thirty-fourth extraordinary board meeting [1]

Core Viewpoint - Financial Street Securities has announced the appointment of new directors and the resignation of existing ones, indicating a significant change in the board composition which may impact the company's strategic direction and governance [1] Group 1: Board Appointments - Mr. Yin Guohong has been appointed as an executive director of the fifth board of directors, effective from the date of the extraordinary general meeting [1] - Mr. Xie Xin has been appointed as a non-executive director, and Mr. Qi Liang has been appointed as an independent non-executive director, both effective from the same date [1] - Mr. Zhou Lijun has been appointed as a non-executive director representing employee interests, effective from November 25, 2025 [1] Group 2: Resignations - Mr. Li Ye has resigned from his position as a non-executive director and a member of the Strategic and Investment Decision Committee, effective from the date of the extraordinary general meeting [1] - Ms. Yang Qin has also resigned as a non-executive director, effective from the same date [1] Group 3: Management Changes - Ms. Yu Lei has been appointed as the Vice President and Chief Financial Officer, with her term starting from the date of approval at the thirty-fourth extraordinary board meeting [1] - Mr. Yin Guohong will no longer act as the Chief Financial Officer from the date of the thirty-fourth extraordinary board meeting [1]

Core Insights - The real estate development sector experienced a 1.0% increase on November 25, with Yingxin Development leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Real Estate Sector Performance - Yingxin Development (000620) closed at 3.25, with a rise of 10.17% and a trading volume of 2.3363 million shares, amounting to a transaction value of 749 million [1] - China Wuyi (000797) also saw a significant increase, closing at 3.69, up 10.15%, with a trading volume of 2.5207 million shares and a transaction value of 887 million [1] - Other notable performers included Wantong Development (600246) with a 6.76% increase, closing at 11.53, and Sanzhou Impression (000863) with a 6.37% increase, closing at 5.18 [1] Capital Flow Analysis - The real estate development sector saw a net inflow of 135 million from institutional investors, while retail investors experienced a net outflow of 4.9798 million [2] - Major stocks like Yingxin Development had a net inflow of 295 million from institutional investors, but a net outflow of 121 million from speculative funds [3] - China Wuyi had a net inflow of 102 million from institutional investors, while it faced a net outflow of 50.1 million from speculative funds [3]

证券代码：000402 证券简称：金融街 公告编号：2025-111 金融街控股股份有限公司 关于召开 2025 年第二次临时股东会的提示性公告 公司第十届董事会第四十三次会议决定于 2025 年 11 月 27 日召开 2025 年第 二次临时股东会，现将会议有关安排通知如下： 一、召开会议基本情况 1．股东会届次：2025 年第二次临时股东会。 2．股东会的召集人：金融街控股股份有限公司第十届董事会。 3．会议召开的合法、合规性：本次股东会会议的召开符合有关法律、行政 法规、部门规章、规范性文件和《公司章程》的有关规定。 4．会议召开的日期、时间： （1）现场会议时间：2025 年 11 月 27 日（周四）14:50； （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 11 月 27 日（周四）9:15～9:25、9:30～11:30、13:00～15:00；通过深圳 证券交易所互联网投票系统投票的开始时间（2025 年 11 月 27 日 9:15）至投票 结束时间（2025 年 11 月 27 日 15:00）间的任意时间。 5．会议召开方式：本次股东会采用现场表决与 ...

Core Insights - The forum emphasized the theme of "Collaborative Creation and Ecological Co-construction," focusing on new dynamics and innovative service paths for high-quality development in the building economy amidst profound changes in the real estate industry [1][2][3] Group 1: Policy and Government Initiatives - The government of Xicheng District is enhancing the building economy policy framework and service ecosystem, promoting high-end industries such as wealth management and financial technology through initiatives like the "Ten Financial Services Measures" [1] - The district is also advancing smart building construction to integrate digital technology with the real economy, aiming to transform buildings from mere "space providers" to "value co-creators" [1] Group 2: Market Outlook and Economic Analysis - The former chief economist of the Ministry of Housing and Urban-Rural Development expressed confidence in the core building market of China's first-tier cities, highlighting the irreplaceable value of locations like Beijing's financial district [2] - Long-term structural opportunities are expected to arise as a result of effective government policies aimed at stabilizing the real estate market, encouraging a shift towards high-quality operational services [2] Group 3: Industry Trends and Innovations - A consensus emerged that the building economy has entered a new development stage characterized by "operation, content, and ecology as kings," moving beyond reliance on geographical and hardware advantages [3] - The focus is now on creating a symbiotic industrial ecosystem through precise policy guidance, cutting-edge technology applications, and mature financial services to preserve and enhance asset value in a stock-driven market [3]

Core Viewpoint - Financial Street's stock price has experienced a significant decline, with a year-to-date drop of 8.59% and a recent 5-day drop of 6.58% [2] Group 1: Stock Performance - As of November 21, Financial Street's stock price fell by 2.30% to 2.98 CNY per share, with a trading volume of 1.11 billion CNY and a turnover rate of 1.23%, resulting in a total market capitalization of 8.907 billion CNY [1] - The stock has seen a decline of 3.25% over the past 20 days and 1.97% over the past 60 days [2] Group 2: Financial Performance - For the period from January to September 2025, Financial Street reported a revenue of 6.287 billion CNY, representing a year-on-year decrease of 46.21%, while the net profit attributable to shareholders was -1.350 billion CNY, showing a year-on-year increase of 48.39% [2] Group 3: Shareholder Information - As of October 31, 2025, Financial Street had 72,000 shareholders, a slight increase of 0.09% from the previous period, with an average of 41,482 circulating shares per shareholder, which decreased by 0.09% [2] - The company has distributed a total of 10.981 billion CNY in dividends since its A-share listing, with 44.8339 million CNY distributed over the past three years [3] Group 4: Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 31.2867 million shares, an increase of 9.9894 million shares from the previous period [3] - The Southern CSI Real Estate ETF Linked A (004642) was the seventh-largest circulating shareholder, holding 18.9119 million shares, a decrease of 176,400 shares from the previous period [3]